5月末公募基金规模达33.74万亿元，货基、债基担当增长主力

Group 1 - The total net asset value of public funds in China reached 33.74 trillion yuan by the end of May 2025, an increase of 0.62 trillion yuan from the end of April [1] - Among various fund types, money market funds and bond funds continued to grow, with money market funds increasing by 407.13 billion yuan (approximately 2.91%) to 14.40 trillion yuan, and bond funds increasing by 221.88 billion yuan (approximately 3.38%) to 6.78 trillion yuan [1][3] - In May, 20 new bond funds were launched, raising a total of 36.21 billion units, accounting for 55.07% of the total issuance of public funds, with an average size of 1.81 billion units per fund [3] Group 2 - The growth in bond fund scale was driven by both new issuances and additional investments in existing products, as institutional clients preferred bond funds for risk aversion amid market fluctuations [3] - Money market funds benefited from a declining interest rate environment, with their ability to invest in high liquidity short-term instruments like government bonds and commercial papers, leading to diverse income sources [3] - QDII and equity funds also saw slight increases in net value, with QDII funds rising by 10.25 billion yuan (approximately 1.59%) and equity funds by 3.43 billion yuan (approximately 0.07%) [3]